Ambient Assisted Living & Smart Home Market by Component (Services, Solution), Product (Energy Management System, Entertainment Control, HVAC Control) - Global Forecast 2024-2030
The Ambient Assisted Living & Smart Home Market size was estimated at USD 84.70 billion in 2023 and expected to reach USD 102.38 billion in 2024, at a CAGR 20.96% to reach USD 320.96 billion by 2030.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Ambient Assisted Living & Smart Home Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Ambient Assisted Living & Smart Home Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Ambient Assisted Living & Smart Home Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., APi Group, Assisted Living Technologies, Inc., CareTech Group, GETEMED Medizin- und Informationstechnik AG, GNOMON INFORMATICS SA, Honeywell International Inc., House Intelligence GmbH, Johnson Controls, Koninklijke Philips N.V., Legrand Group, Loxone Electronics GmbH, Medic4all, SAVANT TECHNOLOGIES LLC, Schneider Electric SE, Siemens AG, Televic, and Tunstall Group.
Market Segmentation & Coverage
This research report categorizes the Ambient Assisted Living & Smart Home Market to forecast the revenues and analyze trends in each of the following sub-markets:
Component
Services
Customization & Renovation
Energy Management System
Lighting Control
Audio Controller
Climate Control
Access Control
Americas
Argentina
California
Australia
Denmark
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast of the Ambient Assisted Living & Smart Home Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Ambient Assisted Living & Smart Home Market?
- What are the technology trends and regulatory frameworks in the Ambient Assisted Living & Smart Home Market?
- What is the market share of the leading vendors in the Ambient Assisted Living & Smart Home Market?
- Which modes and strategic moves are suitable for entering the Ambient Assisted Living & Smart Home Market?
Note: PDF & Excel + Online Access - 1 Year
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Ambient Assisted Living & Smart Home Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. High penetration of network connectivity globally and the ease of monitoring & controlling home appliances
- 5.1.1.2. Increasing disposable income and need for safety & security systems at home
- 5.1.1.3. Vulnerability of aging population with illnesses requires incessant monitoring and assistance
- 5.1.2. Restraints
- 5.1.2.1. Low network connectivity and security breach
- 5.1.3. Opportunities
- 5.1.3.1. Wireless technology advancements and need for managing resources
- 5.1.3.2. Growing demand for better healthcare infrastructure and information communication technology
- 5.1.4. Challenges
- 5.1.4.1. Significant maintenance costs and high capital investment
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework
- 6. Ambient Assisted Living & Smart Home Market, by Component
- 6.1. Introduction
- 6.2. Services
- 6.3.1. Customization & Renovation
- 6.3.2. Installation & Repair Service
- 6.3. Solution
- 7. Ambient Assisted Living & Smart Home Market, by Product
- 7.1. Introduction
- 7.2. Energy Management System
- 7.3.1. Lighting Control
- 7.3.2. Smart Device
- 7.3. Entertainment Control
- 7.4.1. Audio Controller
- 7.4.2. Home Theatre System Control
- 7.4.3. Multimedia Room Control
- 7.4.4. Touch Screen & Keypad
- 7.4. HVAC Control
- 7.5.1. Climate Control
- 7.5.2. Humidity Sensor
- 7.5.3. Temperature Sensor
- 7.5.4. Thermostat
- 7.5. Security & Access Control
- 7.6.1. Access Control
- 7.6.2. Security Control
- 8. Americas Ambient Assisted Living & Smart Home Market
- 8.1. Introduction
- 8.2. Argentina
- 8.3. Brazil
- 8.4. Canada
- 8.5. Mexico
- 8.6. United States
- 9. Asia-Pacific Ambient Assisted Living & Smart Home Market
- 9.1. Introduction
- 9.2. Australia
- 9.3. China
- 9.4. India
- 9.5. Indonesia
- 9.6. Japan
- 9.7. Malaysia
- 9.8. Philippines
- 9.9. Singapore
- 9.10. South Korea
- 9.11. Taiwan
- 9.12. Thailand
- 9.13. Vietnam
- 10. Europe, Middle East & Africa Ambient Assisted Living & Smart Home Market
- 10.1. Introduction
- 10.2. Denmark
- 10.3. Egypt
- 10.4. Finland
- 10.5. France
- 10.6. Germany
- 10.7. Israel
- 10.8. Italy
- 10.9. Netherlands
- 10.10. Nigeria
- 10.11. Norway
- 10.12. Poland
- 10.13. Qatar
- 10.14. Russia
- 10.15. Saudi Arabia
- 10.16. South Africa
- 10.17. Spain
- 10.18. Sweden
- 10.19. Switzerland
- 10.20. Turkey
- 10.21. United Arab Emirates
- 10.22. United Kingdom
- 11. Competitive Landscape
- 11.1. FPNV Positioning Matrix
- 11.2. Market Share Analysis, By Key Player
- 11.3. Competitive Scenario Analysis, By Key Player
- 12. Competitive Portfolio
- 12.1. Key Company Profiles
- 12.1.1. ABB Ltd.
- 12.1.2. APi Group
- 12.1.3. Assisted Living Technologies, Inc.
- 12.1.4. CareTech Group
- 12.1.5. GETEMED Medizin- und Informationstechnik AG
- 12.1.6. GNOMON INFORMATICS SA
- 12.1.7. Honeywell International Inc.
- 12.1.8. House Intelligence GmbH
- 12.1.9. Johnson Controls
- 12.1.10. Koninklijke Philips N.V.
- 12.1.11. Legrand Group
- 12.1.12. Loxone Electronics GmbH
- 12.1.13. Medic4all
- 12.1.14. SAVANT TECHNOLOGIES LLC
- 12.1.15. Schneider Electric SE
- 12.1.16. Siemens AG
- 12.1.17. Televic
- 12.1.18. Tunstall Group
- 12.2. Key Product Portfolio
- 13. Appendix
- 13.1. Discussion Guide
- 13.2. License & Pricing
- FIGURE 1. AMBIENT ASSISTED LIVING & SMART HOME MARKET RESEARCH PROCESS
- FIGURE 2. AMBIENT ASSISTED LIVING & SMART HOME MARKET SIZE, 2023 VS 2030
- FIGURE 3. AMBIENT ASSISTED LIVING & SMART HOME MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. AMBIENT ASSISTED LIVING & SMART HOME MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. AMBIENT ASSISTED LIVING & SMART HOME MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. AMBIENT ASSISTED LIVING & SMART HOME MARKET DYNAMICS
- FIGURE 7. AMBIENT ASSISTED LIVING & SMART HOME MARKET SIZE, BY COMPONENT, 2023 VS 2030 (%)
- FIGURE 8. AMBIENT ASSISTED LIVING & SMART HOME MARKET SIZE, BY COMPONENT, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. AMBIENT ASSISTED LIVING & SMART HOME MARKET SIZE, BY PRODUCT, 2023 VS 2030 (%)
- FIGURE 10. AMBIENT ASSISTED LIVING & SMART HOME MARKET SIZE, BY PRODUCT, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. AMERICAS AMBIENT ASSISTED LIVING & SMART HOME MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 12. AMERICAS AMBIENT ASSISTED LIVING & SMART HOME MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. UNITED STATES AMBIENT ASSISTED LIVING & SMART HOME MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 14. UNITED STATES AMBIENT ASSISTED LIVING & SMART HOME MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. ASIA-PACIFIC AMBIENT ASSISTED LIVING & SMART HOME MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 16. ASIA-PACIFIC AMBIENT ASSISTED LIVING & SMART HOME MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. EUROPE, MIDDLE EAST & AFRICA AMBIENT ASSISTED LIVING & SMART HOME MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 18. EUROPE, MIDDLE EAST & AFRICA AMBIENT ASSISTED LIVING & SMART HOME MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. AMBIENT ASSISTED LIVING & SMART HOME MARKET, FPNV POSITIONING MATRIX, 2023
- FIGURE 20. AMBIENT ASSISTED LIVING & SMART HOME MARKET SHARE, BY KEY PLAYER, 2023
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